RCOM is currently trading at Rs. 107.85, up by 0.65 points or 0.61% from its previous closing of Rs. 107.20 on the BSE.
The scrip opened at Rs. 108.00 and has touched a high and low of Rs. 109.70 and Rs. 106.00 respectively. So far 2678286 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 113.85 on 05-Apr-2011 and a 52 week low of Rs. 61.00 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 109.70 and Rs. 101.15 respectively. The current market cap of the company is Rs. 22157.33 crore.
The promoters holding in the company stood at 67.86% while Institutions and Non-Institutions held 17.25% and 14.51% respectively.
Reliance Communications (RCOM), India's biggest mobile phone carrier is likely to acquire network equipment worth $600 million from Huawei and ZTE as these two Chinese vendors assisted the telecom operator to secure loan from various Chinese banks. Earlier, RCom had announced an agreement with Export Import Bank of China, China Development Bank and Industrial and Commercial Bank of China for a loan of $1.18 billion.
The company is going to use the funds raised by the loan to repay its Foreign Currency Bonds (FCCBs) that are maturing in March. The loan, which has a seven-year maturity, bears 5% rate of interest. The actual loan will be $925 million.
Reliance Communications is India's foremost and truly integrated telecommunications service provider. The company has established a pan-India, next generation, integrated (wireless and wireline),convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1341.45 |
| Vodafone Idea | 13.97 |
| Indus Towers | 345.10 |
| Tata Communications | 1743.30 |
| Bharti Hexacom Ltd. | 884.00 |
| View more.. | |
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